Fed Chair Janet Yellen may be on her way out, but she still has her say and her words may also reflect the thoughts of her successor Jerome Powell. Speaking in New York, Yellen said that inflation may NOT be transitory. This is yet another gradual change in her approach. Earlier in the year, she did … “Yellen worried about inflation – will the dollar fall?”
Category: Opinions
Long USD/CAD trading opportunity on the 4H chart
I have been looking for a good opportunity to enter in a long USDCAD trade for quite some time now. It looks like the stars might have just aligned in the right direction. I am looking at the 4H chart at the moment. It seems like we are not only in an uptrend, but also … “Long USD/CAD trading opportunity on the 4H chart”
One Of The Biggest Opportunities Yet? GBPCHF Wave Analysis
Earlier this year I used Elliott Wave analysis to find my biggest opportunity to date. In USDCAD, I was able to pick the top from an entire year of consolidation and the ensuing move was over 1600 pips to the downside! Now, risking only 20 pips meant the potential on this trade was huge and one could’ve almost … “One Of The Biggest Opportunities Yet? GBPCHF Wave Analysis”
EUR/USD: Close To Fair Value; What’s Next? – Barclays
Euro/dollar is relatively stable at a somewhat higher ground. Has it reached a new balance? Here is the view from Barclays: Here is their view, courtesy of eFXnews: Barclays Capital FX Strategy Research discusses its EUR/USD outlook going into 2018, expecting a flat profile around 1.17 level into Q1 of next year before breaking higher towards … “EUR/USD: Close To Fair Value; What’s Next? – Barclays”
EUR/USD to 1.19 in 2017 and beyond in 2018? Two opinions
EUR/USD had a positive week, gaining some ground within the range. Can it extend its gains further? Here are two opinions: one for 2017 and the other for 2018: Here is their view, courtesy of eFXnews: EUR/USD: Price-Action Into Year-End; 1.19-1.20 Or Bust – ANB AMRO ABN AMRO FX Strategy Research discusses EU/USD outlook and … “EUR/USD to 1.19 in 2017 and beyond in 2018? Two opinions”
USD: Stalled; Most Of Good News On US Tax Cuts Look Already Incorporated – Barclays
The US dollar is on the back foot due to some safe-haven flows. But what about the main driver of the greenback? The team at Barclays examines the tax cuts issues. Here is their view, courtesy of eFXnews: Barclays Capital FX Strategy Research discusses the USD near-term outlook, noticing that its momentum has stalled after … “USD: Stalled; Most Of Good News On US Tax Cuts Look Already Incorporated – Barclays”
Saudi Arabia rattles oil markets head of OPEC meetings
The international crude oil prices continued to post solid gains over the past two months. Price of WTI crude oil reached $57.87 a barrel after crude oil prices broke past the technical resistance barrier of 57.25 – 51.80 just last month. The gains in oil prices came amid a mix of both fundamental and political … “Saudi Arabia rattles oil markets head of OPEC meetings”
EUR/USD: stabilization and a rise? Two opinions
EUR/USD is trading at the 1.16 handle. Has it stabilized in this region? Will it move up from these levels? Here are two opinions about the current state of affairs in the pair. Here is their view, courtesy of eFXnews: EUR/USD: Signs Of Stabilization; Above 1.15 Diminish Risk Of Deeper Pullback – BTMU BTMU FX … “EUR/USD: stabilization and a rise? Two opinions”
GBP/USD: Forget the hike, watch Brexit
Pound/dollar is still trading at the same wide range between 1.3030 to 1.3320, but leans towards the downside. The dust has settled from the rate hike and the focus returns to the Brexit talks. Here are two opinions: Here is their view, courtesy of eFXnews: GBP: BoE’s Hike Just A ‘One-Off’; Brexit Talks Back As … “GBP/USD: Forget the hike, watch Brexit”
EUR/USD: ‘Making Cents’ Of US Tax Plan; Where To Target?
EUR/USD is going nowhere fast. While it recovered from the lows thanks to the issues with the US tax plan, it is hard to see it taking a new direction. What’s next? Here is the view from ING: Here is their view, courtesy of eFXnews: ING FX Strategy Research discusses the USD outlook in light … “EUR/USD: ‘Making Cents’ Of US Tax Plan; Where To Target?”